321F.5 - DENIAL OR SUSPENSION OF LICENSE.

        321F.5  DENIAL OR SUSPENSION OF LICENSE.         A license shall be denied if the applicant has engaged in business      in this state within one year prior to the date of application      without first having obtained a license as provided in this chapter,      or has violated any rules and regulations of the director adopted for      the administration of this chapter.         The license of any licensee who shall have violated any provision      of this chapter or any rules and regulations of the director adopted      for the administration of this chapter shall be suspended and such      license shall not be renewed nor shall a new license be issued to      such licensee within one year after the date of suspension of the      license; provided that the suspension of a license shall not      invalidate any lease entered into by lessor prior to suspension and      the parties to the lease shall have the authority and remain liable      to perform their respective obligations under such leases.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 321F.5]